J 
3.90
-1.52%
Close of 9 Nov 2026, in CNY
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in CNY, from our data supplier.
Revenue
CN¥9.43bn
FY2016FY2025
Net income
−CN¥251.8m
FY2016FY2025
Free cash flow
−CN¥115.6m
FY2016FY2025
Shareholders' equity
CN¥3.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥9.43bn | CN¥6.73bn | CN¥2.84bn | CN¥5.61bn | CN¥8.85bn | CN¥8.67bn | CN¥8.17bn | CN¥7.97bn | CN¥5.07bn | CN¥2.16bn |
| Gross profit | −CN¥144.2m | −CN¥100.1m | CN¥16.3m | −CN¥5.9m | CN¥758.6m | CN¥1.29bn | CN¥1.20bn | CN¥1.14bn | CN¥941.9m | CN¥799.5m |
| Research and development | — | — | CN¥3.9m | CN¥117.5m | CN¥296.9m | CN¥261.8m | CN¥88.0m | CN¥34.7m | CN¥1.6m | CN¥1.6m |
| Operating income | −CN¥62.9m | −CN¥31.7m | −CN¥744.5m | −CN¥428.8m | CN¥154.0m | CN¥562.5m | CN¥714.2m | CN¥702.4m | CN¥616.0m | CN¥477.5m |
| Net income | −CN¥251.8m | CN¥39.7m | −CN¥678.3m | −CN¥210.8m | CN¥83.5m | CN¥474.5m | CN¥503.3m | CN¥374.6m | CN¥350.8m | CN¥305.5m |
| Diluted earnings per share | -0.32 | 0.05 | -0.87 | -0.27 | 0.13 | 0.65 | 0.69 | 0.51 | 0.52 | 0.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | CN¥5.85bn | CN¥5.63bn | CN¥7.58bn | CN¥7.88bn | CN¥10.80bn | CN¥9.81bn | CN¥9.15bn | CN¥8.42bn | CN¥7.99bn | CN¥5.12bn |
| Cash and short-term investments | — | CN¥125.9m | CN¥142.0m | CN¥694.4m | CN¥822.7m | CN¥562.1m | CN¥627.0m | CN¥629.3m | CN¥609.0m | CN¥406.0m |
| Total liabilities | CN¥1.56bn | CN¥1.02bn | CN¥2.79bn | CN¥2.23bn | CN¥4.66bn | CN¥4.51bn | CN¥4.25bn | CN¥4.16bn | CN¥4.12bn | CN¥2.79bn |
| Debt | — | CN¥31.6m | CN¥1.14bn | CN¥1.25bn | CN¥2.88bn | CN¥2.85bn | CN¥2.20bn | CN¥1.88bn | CN¥1.91bn | CN¥1.34bn |
| Shareholders' equity | CN¥3.90bn | CN¥4.16bn | CN¥4.19bn | CN¥4.86bn | CN¥5.11bn | CN¥4.58bn | CN¥4.16bn | CN¥3.69bn | CN¥3.40bn | CN¥2.17bn |
| Shares outstanding | 778m | 840m | 779m | 781m | 639m | 732m | 732m | 736m | 672m | 610m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −CN¥3.9m | −CN¥517.2m | CN¥556.9m | CN¥330.8m | CN¥179.9m | CN¥562.9m | CN¥641.8m | CN¥540.8m | CN¥293.9m | −CN¥24.1m |
| Capital spending | −CN¥111.7m | −CN¥110.6m | −CN¥310.3m | −CN¥974.8m | −CN¥526.3m | −CN¥392.1m | −CN¥561.5m | −CN¥580.0m | −CN¥675.5m | −CN¥570.4m |
| Free cash flow | −CN¥115.6m | −CN¥627.8m | CN¥246.6m | −CN¥644.0m | −CN¥346.5m | CN¥170.8m | CN¥80.3m | −CN¥39.2m | −CN¥381.6m | −CN¥594.5m |
| Dividends paid | −CN¥1.3m | −CN¥9.9m | −CN¥27.7m | −CN¥15.6m | −CN¥42.9m | −CN¥57.1m | −CN¥35.7m | −CN¥135.7m | −CN¥439.0m | −CN¥142.2m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | CN¥3.23bn | CN¥3.64bn | CN¥2.68bn | CN¥2.56bn | CN¥2.45bn | CN¥1.74bn | CN¥2.24bn | CN¥1.86bn |
| Gross profit | −CN¥98.7m | −CN¥21.7m | CN¥90.2m | −CN¥69.4m | −CN¥156.4m | −CN¥8.7m | −CN¥128.9m | −CN¥7.4m |
| Operating income | −CN¥125.4m | −CN¥65.6m | CN¥52.9m | −CN¥53.8m | −CN¥86.3m | CN¥17.0m | −CN¥124.4m | −CN¥79.4m |
| Net income | −CN¥177.4m | −CN¥58.1m | −CN¥149.9m | −CN¥52.3m | −CN¥65.8m | CN¥16.2m | −CN¥76.7m | −CN¥57.4m |
| Diluted earnings per share | -0.23 | -0.07 | -0.19 | -0.07 | -0.08 | 0.02 | -0.09 | -0.07 |
| Cash from operations | — | — | — | CN¥2.0m | CN¥102.0m | −CN¥189.0m | — | CN¥3.0m |
| Capital spending | −CN¥3.0m | −CN¥15.0m | −CN¥53.0m | −CN¥41.0m | −CN¥8.0m | −CN¥8.0m | −CN¥28.0m | −CN¥31.0m |
| Free cash flow | — | — | — | −CN¥39.0m | CN¥94.0m | −CN¥197.0m | — | −CN¥28.0m |
| Total assets | CN¥5.85bn | CN¥5.91bn | CN¥5.85bn | CN¥5.57bn | CN¥5.66bn | CN¥5.73bn | CN¥5.63bn | CN¥5.63bn |
| Cash and short-term investments | — | — | — | CN¥204.1m | CN¥264.8m | CN¥51.0m | CN¥125.9m | CN¥196.9m |
| Debt | — | — | — | CN¥11.6m | CN¥31.1m | CN¥31.1m | CN¥31.1m | CN¥41.7m |
| Shareholders' equity | CN¥3.66bn | CN¥3.84bn | CN¥3.90bn | CN¥4.06bn | CN¥4.11bn | CN¥4.18bn | CN¥4.16bn | CN¥4.23bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 18.9% | 1.7% | 17.6% |
| Operating income | -47.3% | — | — |
| Net income | 6.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | -1.5% | -1.0% | 4.3% | 9.6% |
| Operating margin | -0.6% | -5.2% | -1.3% | 3.4% |
| Net margin | -1.3% | -4.5% | -1.3% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -19.7 | 104.3 | -9.7 | -44.9 | 102.8 | 11.6 | 14.7 | 17.0 | 34.2 | 22.6 |
| Price to sales | 0.5 | 0.6 | 2.3 | 1.7 | 1.0 | 0.6 | 0.9 | 0.8 | 2.4 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.02 | 0.06 | 0.08 | 0.05 | 0.05 | 0.50 |
- 1-to-1 reverse split · 12 May 2006
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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